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Where can I stash my doe.
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I would stick some in high interest current accounts as emergency money, some in pensions for you and your wife, pay some off your mortgage and look into investing in stocks and shares if you have a large amount of monthly disposable income. What is the money intended for? I personally do not entertain P2P and would certainly not go into btl.I’m a Forum Ambassador and I support the Forum Team on the Debt free Wannabe, Budgeting and Banking and Savings and Investment boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.
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The 365 Day 1p Challenge 2025 #1 £667.95/£500
Save £12k in 2025 #1 £12000/£124500 -
It is quite clear to me, as a HRTaxpayer i'd be putting mroe into pensions NOW.
While you still get the HRT relief. As 100 into your pension will only cost you 60. Will your employer pay in more than 8%, if you put more in? Even if they dont, its a no brainer.0 -
Even if they dont, its a no brainer.
I almost agree - the proviso is that you do need to watch the LTA. £1.25m at present. We have no idea how much the OP already has in his pension pot.
http://www.pensionsadvisoryservice.org.uk/about-pensions/saving-into-a-pension/pensions-and-tax/the-limetime-allowance0 -
at 8%, I cant see them being close.0
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